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Author Topic: Joker7: 99% RTP Bitcoin gambling platform  (Read 246 times)
mu_enrico
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February 18, 2021, 03:03:33 PM
 #21

Indeed, I did a ton of testing that's why I can confidently say it is guaranteed. And for the displaying, the only thing that stops me is the players not playing once it hits 99% and waiting for it to go down so no one would play anymore in some games. The concept is the RTP goes down than up (of course random factors intervene so it won't be a uniform process but it eventually goes back to 99%). Thank you for your remarks and I will be working more on transparency. If you have a suggestion about it, it would really help a lot because I'm finding difficulties to introduce more transparency without ruining the games.
As long as the algorithm is built around independent event "theory" -- previous results won't affect next results, past RTP doesn't affect future RTP, displaying RTP won't matter much I think. It's pure superstition since RTP swings wildly, and don't forget that slots in the hot state produce more than 100% RTP, so 99% isn't a benchmark. You can display weekly, monthly, and all-time RTP. We will expect weekly or even monthly RTP swings wildly depending on the volatility setting, and all-time RTP will be close to 99%.

But if you try to build an algorithm that takes into account previous losses, when the probability of winning increases after a long losing streak, displaying statistics is a bad idea. I heard this kind of slots exist, but I never get to play one.


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February 20, 2021, 10:16:53 AM
 #22

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As long as the algorithm is built around independent event "theory" -- previous results won't affect next results, past RTP doesn't affect future RTP, displaying RTP won't matter much I think. It's pure superstition since RTP swings wildly, and don't forget that slots in the hot state produce more than 100% RTP, so 99% isn't a benchmark. You can display weekly, monthly, and all-time RTP. We will expect weekly or even monthly RTP swings wildly depending on the volatility setting, and all-time RTP will be close to 99%.

But if you try to build an algorithm that takes into account previous losses, when the probability of winning increases after a long losing streak, displaying statistics is a bad idea. I heard this kind of slots exist, but I never get to play one.
The random output is always in a while loop verifying the RTP not exceeding 99%. I invested a sum to make wins possible since the first day. That is why players can win from their first spin for example. I know exactly what I am talking about that is why I keep mentioning the phrase "guaranteed rtp".
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February 20, 2021, 10:16:25 PM
 #23

Before you focus more into developing and fixing some bugs in your website I think you should prioritize first on obtaining a gambling license for your project because when I have visited your website I didn't see any kind of gambling license while navigating your website. A gambling license has a lot of benefit besides you officially making your operations legal it will also make your gambling site more trustworthy thus giving you a big step on gaining more players. Also if you don't want to get in trouble with the law I think that you should make your website unavailable temporarily until you obtain a gambling license as there is that risk that they will shutdown your website permanently. My other suggestions are change your domain to a .com one as well as having a homepage for your website as having a log-in page as your welcome page is something that will lack information for visitors who wants to know more about what you have.
That would be a good choice to start to do but op can't help to implement some restrictions once op obtain a gambling license. I have read a thread where a gambling platform have curacao license but it is not stated on the site about a country that should be restricted to gamble in this site just like the other gambling platform that restricts a country to gamble.

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